The board of directors (the "Board") of Silver Tide Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group and the current information available to the Board, the Group is expected to record a substantial decrease in profit attributable to shareholders of the Company for the six months ended 30 September 2019 (by approximately 70%-80%) as compared to approximately HKD 14 million for the six months ended 30 September 2018.